Sign-in Help
Commentary

124 The main remedies for breach of a shareholders’ agreement

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

124 The main remedies for breach of a shareholders’ agreement

| Commentary

(j) Remedies for breach of a shareholders’ agreement

124 The main remedies for breach of a shareholders’ agreement

There is little point in painstakingly drafting a shareholders’ agreement to protect the interests of the minority if there are no effective remedies in the event of a breach of that agreement1. A shareholders’ agreement is a contract like any other and so the main remedies for breach will be the usual contractual remedies, that is:

  1. 124.1

        damages;

  2. 124.2

        specific performance; and

  3. 124.3

        injunction.

Alternatively, or in addition, the claimant may decide that the most practical solution is to leave

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial
EXISTING USER? SIGN IN TAKE A FREE TRIAL TAKE A FREE TRIAL
Stop drafting from scratch and work more productively.
Offering an unrivalled collection of non-litigation precedents for everything specialist and generalist practitioners are likely to encounter.
TAKE A FREE TRIAL Take a free trial Take a free trial